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Helpful Articles - Supply Chain

Master the Latest Supply Chain Concepts with our Glossary of Terms

While your managing and optimizing your organization’s supply chain, you’ll encounter a number of terms. Some might be old, familiar friends. Others might leave you puzzled.  Enter our Approved Glossary of Supply Chain Terms.  Below, you’ll find our definitions of some of the most common supply chain terms you’ll hear, plus links to further resources if you want to dive deeper. Use this glossary to decode the lingo you’ll hear—and sound like the supply chain expert you aspire to be.  Interested in Freight & Transportation Terms? Check out our Transportation Glossary for our definitions of freight, logistics, and transportation terms.  Read More3PL – An acronym that stands for 3rd–Party Logistics. When someone...

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3 Global Events That Highlight the Importance of Diversification in Your Supply Chain

The pandemic—and its effects on global supply chains—held insights for manufacturers, suppliers, and retailers alike. Some questioned the validity of the popular just-in-time model for supply chain management. Others are seeking ways to make their supply chains more resilient, so they're able to flex in response to future global incidents.   Diversification can be a key strategy for reducing the effect of disruptions on your supply chain. Simply put, supply chain diversification is the real-world application of the old adage, "Don't put all your eggs in one basket." It asks supply chain managers to reduce their reliance on single sources for components, supplies, and/or finished goods. That way, if one source...

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Why Is the Supply Chain So Messed Up? Let Us Explain…

Manufacturers, suppliers, wholesalers, retailers, consumers (frankly, everyone!) who's tried to buy anything in the last 18 months agrees—the global supply chain is not running the way it used to. Raw materials, supplies, and finished goods are all taking significantly longer to move, and it's costing significantly more to move them.   As a result, links in the supply chain are stretching and, very often, breaking. Shipments have been massively delayed. Forecasts are getting thrown out the window. Shortages are very real. Additionally, experts are warning U.S. consumers to prepare for a different kind of Christmas than they're used to. Even books haven't emerged unscathed as new shortfalls loom, like the paper shortage that may keep new books from reaching shelves.   If you've...

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Key Insights to Global Supply Chain Disruption

We've all heard the stories: Massive backlogs at the Ports of Los Angeles and Long Beach, complemented by a backup at the Port of New York and New Jersey. Warnings of a Christmas toy shortage. Encouragement to order more and order earlier to keep  supply chains running smoothly.   What's behind the increasing chaos in the supply chain? Obviously, like many supply chain issues, it's complicated. (If you work in the industry, you probably expected that answer!) Supply chains are, by nature, interconnected. A disruption in one link can easily cascade through the network. Additionally, supply chain disruptions are truly nothing new. Material shortages, natural disasters, labor strikes, economic trends, and more have long been par for the course, as many supply chain managers...

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Facing Ocean Freight Delays? Understanding Air Freight as an Alternative

Port BackupsA record-breaking number of ships waiting to dock at the Ports of Los Angeles and Long Beach. A record-breaking number of ships waiting to dock at the Ports of Los Angeles and Long Beach. read more Stranded ContainersA record-breaking number of ships waiting to dock at the Ports of Los Angeles and Long Beach.  Big retailers chartering dedicated vessels to bring stranded containers of goods over from Asia. read more Price IncreasesA record-breaking number of ships waiting to dock at the Ports of Los Angeles and Long Beach. Cargo prices anywhere from five to eight times higher than a year ago. read more That’s the current state of the global ocean freight industry....

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Six Companies Poised to Revolutionize Supply Chain & Logistics

Innovation drives supply chain optimization. As you'll see in the profiles of these six forward-thinking companies, fresh ideas can create new efficiencies, solve persistent problems, and open the door for new opportunities in supply chain effectiveness.   We'll look into the latest advances in logistics hardware, software and strategy. Plus, a peek at what's coming down the road in the industry. You may discover some new ideas to power your own supply chain—or you may get inspired to create innovations of your own!  Attabotics: Reimagining the Warehouse  read more Inspired by the efficiency and structure of ant colonies, Attabotics is using robots to take the warehouse in a new dimension: up.  What if you could reduce the footprint of a warehouse from 1.5 million square feet to just 340,000—and...

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